Or d) employers cut pay rates, leaving employees with the same take-home pay as before.
I suspect many parents in particular would take a day cut over a real terms pay rise, if they felt it wouldn’t unduly harm their career prospects.
Macroeconomics is hard and makes my brain bleed.
If I understand your idea correctly, you would incent me to earn lots in odd years and little in even years, thus having most of my income assessed as being additional to the previous year’s and taxed at a lower rate. This strikes me as perverse.
Possibly you need to look back over more than one year (maybe 3) to find the trend predict forward and reward on achievement of more than that prediction.
if d) then employers make more money which results in more corporation tax, more jobs or more tax on dividends.
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I suspect many parents in particular would take a day cut over a real terms pay rise, if they felt it wouldn’t unduly harm their career prospects.
Macroeconomics is hard and makes my brain bleed.
If I understand your idea correctly, you would incent me to earn lots in odd years and little in even years, thus having most of my income assessed as being additional to the previous year’s and taxed at a lower rate. This strikes me as perverse.
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if d) then employers make more money which results in more corporation tax, more jobs or more tax on dividends.
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"Jesus, I can still remember what a nice body he has and those Tube Walks were ages ago...".
I'm not very interested in Taxation.
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I'm in a DREADFULLY naughty mood lately!
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